Market Overview

Nova Mining Corp Management Welcomes Another 17% Rise in Chinese Lithium Prices

SAN ANTONIO, Texas--(BUSINESS WIRE)--

Nova Mining Corp. (OTCBB:NVMN) management lauded the news that Chinese lithium prices have risen 17%, according to Industrial Minerals (indmin.com). Nova Mining Corp has already enjoyed recent successful negotiations concerning supplying lithium in China, receiving three supply deals for the critically short mineral in July. Company management sees this as another positive sign that President James Dilger's business focus for Nova Mining Corp has been very fruitful. The full Industrial Minerals report may be seen at http://www.indmin.com/Article/3073693/Chinese-lithium-prices-rise-by-17-in-one-year.html?LS=EMS700198.

Last Monday, the Company learned that it may have as much as $12Bil in lithium product currently under contract in Mongolia. In the current lithium “seller's market,” management believes that it is in a prime position to leverage strong positions by supplying electronics manufacturers that have recognized the value of accumulating proper supplies to maintain or grow business.

Nova Mining Corp. (NVMN) seeks out the most potentially lucrative mining projects, supplies and sales of strategic high-demand minerals, such as lithium, as part of its aggressive economic business model. Lithium is the main ingredient in long life batteries, like those used in Apple's (NASDAQ: AAPL) popular iPhones and iPads, Google's (NASDAQ: GOOG) new Nexus 7 tablet and Tesla Motor's (NASDAQ: TSLA) new performance electric cars.

About Nova Mining Corp. (OTCBB: NVMN)

Nova Mining Corporation is a Nevada corporation listed on the OTCBB under the trading symbol NVMN. The Company is a growth-focused entity that seeks to acquire an international portfolio of strategic high-demand mineral mining assets. Nova Mining competes in an industry sector that includes FMC Corp.

More information on Nova Mining Corp can be seen at: http://www.nova-mining.com.

Safe Harbor Statement under the Private Securities Litigation Reform Act of 1995: This news release contains forward-looking information within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended, including statements that include the words “believes,” “expects,” “anticipate” or similar expressions. Such forward-looking statements involve known and unknown risks, uncertainties and other factors that may cause the actual results, performance or achievements of the company to differ materially from those expressed or implied by such forward-looking statements. In addition, description of anyone's past success, either financial or strategic, is no guarantee of future success. This news release speaks as of the date first set forth above and the company assumes no responsibility to update the information included herein for events occurring after the date hereof.

Nova Mining Corp
James Dilger, 210-581-7753

 

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